Lendistry Announces New Team Member to Head Documentation Services Unit

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Lendistry announced Linda Rice, formerly of Grandpoint Bank, has joined their team to head the small business lender’s new documentation services unit. Lendistry utilizes the industry standard LaserPro software and provides full servicing for all commercial lending needs including term loans, SBA, home equity lines of credit, and car loans.

“Lendistry now provides our banking and financial institution partners timely, accurate and compliant document processing with a 48-hour turnaround, tailored to each partner’s Credit Administration needs,” Ms. Rice said. “Staffed by a Documentation Team with over 30 years of collective experience in all commercial and SBA lending products, we can provide a full-time Documentation Department, assist with high volume work flow in peak lending periods, or act as a business resumption plan solution.”

Since the online lender’s launch at the start of 2017, Lendistry has been positioned as a partner, not a competitor, to banks in the small business lending space. Lendistry’s documentation services are an extension of the products and services the firm already offers its commercial partners.

Banks and financial institutions interested in learning more about Lendistry’s documentation services can contact Linda Rice at 714-941-8944 or linda.rice@lendistry.com.

About Lendistry

Lendistry is a CDFI, led by community and national bankers, that provides affordable small business and commercial real estate loans headquartered in Southern California with a mission to provide economic opportunities and progressive growth for small business owners and their underserved communities. Lendistry is a member of the Federal Home Loan Bank of San Francisco and ranks 2nd in the nation among SBA Community Advantage lenders. Lendistry also offers unique opportunities to banks to help fulfill Community Development Lending, CRA Investment, and Small Business Lending Test goals. For more information, please visit Lendistry.com.

Source: Lendistry


Categories: Finance

Tags: banking, commercial banking, commercial lending, financial technology, SBA, small business, small business lending, underserved communities

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Lendistry's mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.